IronRidge Resources (DGR 26%), page-31

Great post Rubio. If we get a few more 20-40m intersections we are in business baby.

Check out the screen shot below of the Earl Grey deposit.
Well many of us in Australia watched this one just explode. It didnt exactly happen overnight and there was some debate surrounding how this was monetised, but the deal surrounding Earl Grey did perhaps help set the precedent for how much a large scale lithium find can be worth. KDR whom owns this deposit in conjunction with SQM, (the world top dogs in lithium- largest low cost producer. Project is basically a 50-50 JV.) The KDR share of the J.V is currently worth 800 million dollars AUS give or take. They have some gold tenements also so lets call it 750 mill Aus, so in a rough sense 1.5 bill AUS for the lot. (850 mill pounds stirling). They are currently building the plant and infrastructure. So anyway 850 mill pounds is well in line with Vincents prognostications regarding pricing.

But having invested in KDR there are somethings to think about. Like The main price rise occurred 1. Upon discovery that something significant was afoot, and 2. A few months after the deal with SQM was completed. (Around the time of the deal many people bailed believing it was a low ball bid). To digress a little I sat on the KDR hotcopper thread supporting the move basically on account of the top tier status of the J.V partner while people lampooned management. Well I did share in spreading the rumour that the M.D was a goat rooter, a rumour which I started, but I was just making the point that if you say something enough times it tends to take on a life force of its own. Anyway, despite the fact I could see it was probably in share holders best interests ( 50% to SQM for 110 mill U.S- too cheap but a bird in the hand of top dog...)

Thats why I think connections and deal making prowess are of the upmost importance and basically I think the value attributed will come in two stages here also (if we indeed are on to the big one)